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VAALCO Energy (EGY) officer granted time- and performance-based stock awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Donohue Casey reported acquisition or exercise transactions in this Form 4 filing.

VAALCO Energy officer Casey Donohue reported two equity compensation awards of Common Stock. He received grants of 21,528 shares and 15,368 shares at no cash cost under the company’s 2020 Long Term Incentive Plan.

The first award is restricted stock that vests in three equal annual installments starting one year after the grant date. The second award is restricted stock that also vests in three equal annual installments, but only if specified stock price appreciation hurdles of 10.0%, 15.0% and 20.0% are achieved, based on a 30‑day average price from the grant date. Following one of these grants, Donohue directly held 96,909 shares of Common Stock.

Positive

  • None.

Negative

  • None.
Insider Donohue Casey
Role See Remarks (a)
Type Security Shares Price Value
Grant/Award Common Stock 15,368 $0.00 --
Grant/Award Common Stock 21,528 $0.00 --
Holdings After Transaction: Common Stock — 75,381 shares (Direct, null)
Footnotes (1)
  1. Represents shares of restricted stock granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan (the "Plan"). The shares vest in three equal annual installments beginning on the first anniversary of the date of grant. Represents shares of restricted stock granted to the reporting person pursuant to the Plan. The option vests in three equal annual installments beginning on the first anniversary of the date of grant based upon satisfaction of stock price appreciation of 10.0%, 15.0% and 20.0%, respectively, using a 30-day average stock price from the stock price on the date of the grant.
Restricted stock grant 1 21,528 shares Time-based restricted stock granted on 2026-06-04
Restricted stock grant 2 15,368 shares Performance-conditioned restricted stock granted on 2026-06-04
Post-grant holdings 96,909 shares Direct Common Stock holdings after one grant
Vesting schedule 3 equal annual installments Both awards begin vesting one year after grant
Stock price hurdle 1 10.0% appreciation First performance vesting threshold using 30-day average price
Stock price hurdle 2 15.0% appreciation Second performance vesting threshold
Stock price hurdle 3 20.0% appreciation Third performance vesting threshold
restricted stock financial
"Represents shares of restricted stock granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2020 Long Term Incentive Plan financial
"granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan (the "Plan")"
stock price appreciation financial
"based upon satisfaction of stock price appreciation of 10.0%, 15.0% and 20.0%"
30-day average stock price financial
"using a 30-day average stock price from the stock price on the date of the grant"
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Donohue Casey

(Last)(First)(Middle)
2500 CITYWEST BLVD.,
SUITE 400

(Street)
HOUSTON TEXAS 77042

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
VAALCO ENERGY INC /DE/ [ EGY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks (a)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/04/2026A15,368(1)A$0.0075,381D
Common Stock06/04/2026A21,528(2)A$0.0096,909D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of restricted stock granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan (the "Plan"). The shares vest in three equal annual installments beginning on the first anniversary of the date of grant.
2. Represents shares of restricted stock granted to the reporting person pursuant to the Plan. The option vests in three equal annual installments beginning on the first anniversary of the date of grant based upon satisfaction of stock price appreciation of 10.0%, 15.0% and 20.0%, respectively, using a 30-day average stock price from the stock price on the date of the grant.
Remarks:
(a) EVP, Technical and Business Development
/s/ Casey Donohue by Matthew Powers as attorney-in-fact06/08/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did VAALCO Energy (EGY) report for Casey Donohue?

VAALCO Energy reported that officer Casey Donohue received two equity compensation awards of Common Stock, totaling grants of 21,528 shares and 15,368 shares. Both awards were recorded as acquisitions at no cash cost to him under the company’s 2020 Long Term Incentive Plan.

How do Casey Donohue’s new restricted stock awards at VAALCO Energy (EGY) vest?

Both restricted stock awards vest in three equal annual installments, beginning on the first anniversary of the grant date. This structure spreads vesting over three years, encouraging longer-term retention and alignment with VAALCO Energy’s performance over that period.

Are any performance conditions attached to Casey Donohue’s VAALCO Energy (EGY) stock grants?

One award is time-based restricted stock, while the other is performance-conditioned. The performance-based award vests in three installments only if stock price appreciation thresholds of 10.0%, 15.0% and 20.0% are met, using a 30‑day average price from the grant date.

Did Casey Donohue buy or sell VAALCO Energy (EGY) shares in the open market?

The filing shows no open-market buying or selling. Instead, Donohue acquired shares through equity grants classified as “Grant, award, or other acquisition,” with a reported price of $0.0000 per share, indicating non-cash compensation rather than market transactions.

How many VAALCO Energy (EGY) shares does Casey Donohue hold after these grants?

After one of the reported restricted stock grants, the filing shows Donohue directly holding 96,909 shares of VAALCO Energy Common Stock. This figure reflects his post-transaction position for that specific grant and helps indicate the scale of his equity stake.